If you’re looking to lease a pub in Horning, run The New Inn !
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Lease A Pub In Horning – Run The New Inn !
A rare opportunity has arisen to acquire the New Inn Horning. This idyllic pub located on the banks on the River Bure on the ever popular Norfolk Broads has come to market for the first time in 4 years. The pub internally is traditional in style with open fires and cosy corners to enjoy a drink or a meal. The pub has capicity for 80 covers internally and 200 externally to maximise the busy summer season. The site was heavily invested in 2021 and ready to trade with a new operator. The operation is seasonal with the majority of trade, however the pub benefits from local support in the winter months.
Private Accommodation
Private accommodation consists of lounge, domestic kitchen, shower room, office and two double bedrooms.
Forecast Turnover: £1,020,394.44
Year 1 Rent: £0.00
Guide Rent: £85,000.00
Initial Deposit: £0.00
Full Deposit: £21,250.00
Full Tie Release: £72,500.00
Agreement Fee: £775.00
Repair Fund: £2,500.00
Fixtures & Fittings: £45,000.00
Working Capital: £55,500.00
Stock & Glassware: £5,000.00
Cash Float: £1,000.00
Turnover Rent: £35,949.70
Turnover Rent %: £3.50
Forecast Wet Turnover: £520,403.05
Forecast Dry Turnover: £499,991.40
Forecast Other Turnover: £0.00
Pubs do not come more stunning than The New Inn. Private moorings, extensive outside trade space with several revenue streams including ice cream parlour, ignlenook fireplaces, and a beautiful location with extremely high footfall. Please do not hesitate to get in touch as it is unlikely to stay on the market for long.
